Cotton futures rose 66 to 114 points across the board on Tuesday, supported by a $2.19 increase in crude oil to $91.80 and a stronger U.S. dollar index at 98.185. NASS Crop Progress showed 11% of the U.S. cotton crop planted as of April 19, with planting progress running about 1 percentage point ahead of average. The move appears driven by commodity and crop-progress data rather than a broader market catalyst.
Cotton futures rose 66 to 114 points across the board on Tuesday, supported by a $2.19 increase in crude oil to $91.80 and a stronger U.S. dollar index at 98.185. NASS Crop Progress showed 11% of the U.S. cotton crop planted as of April 19, with planting progress running about 1 percentage point ahead of average. The move appears driven by commodity and crop-progress data rather than a broader market catalyst.
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mildly positive
Sentiment Score
0.15
